Construction | Value of works dipped last year as resorts completed

The value of works in the construction sector decreased by 13.9 percent year-on-year to MOP79.38 billion in 2016, according to data released by the Statistics and Census Service (DSEC).

The government department attributes the decrease to the number of completed large-scale resorts and other entertainment facilities by the summer of that year, as well as a decrease in private residential projects.

Total revenue from the construction sector amounted to MOP81.15 billion, down by 13.1 percent year- on-year. Gross value added, (which measures the sectoral contribution to the economy) totaled MOP19.48 billion, down by 17.2 percent.

A total of 2,920 establishments were operating in the construction sector last year, an increase of 170 year-
on-year. Of this, 1,272 establishments were involved in construction projects and 1,648 were undertaking renovation projects. The total number of people engaged in the sector decreased by 5,645 to 45,316.

Around 1,400 construction projects were carried out with permits in 2016, according to DSEC, up by 55 year-on-year. By category, the number of public works projects (542) rose by 71, while the number of private construction projects (890) fell by 16.

The value of construction works completed by the private sector decreased 18.7 percent year-on-year to MOP64.38 billion, of which the value of construction of hotels and entertainment facilities (MOP47.93 billion) and private residential buildings (MOP11.15 billion) decreased by 21 percent and 29.1 percent, respectively.

On the other hand, public sector construction value increased by 18.2 percent year-on-year to MOP12.03 billion, of which public housing construction (MOP2.26 billion) and health projects (MOP2.17 billion) rose by 3.9 percent and 78.3 percent, respectively. The latter’s surge was driven by the foundation works of the under-construction Islands Hospital.

Analyzed by location, 1,091 construction projects were carried out in the Macau peninsula, with the value of works up more than 40 percent to MOP20.03 billion. 63 projects were carried out in Cotai with the value increasing by 24.6 percent to MOP41.5 billion. 98 were carried out in Coloane, with the value increasing 38 percent to MOP7.55 billion.